Gold Prices Hold Steady in Egypt as 21-Carat Gold Trades at EGP 4,570
Gold prices remained stable in local markets on Tuesday, July 29, 2025, following a notable drop last week. According to the latest updates from the General Division for Gold and Jewelry, the price of 21-carat gold — the most widely traded and purchased in Egypt — is currently standing at EGP 4,570 per gram for buying and EGP 4,550 for selling.
Last week, 21-carat gold prices declined by approximately EGP 35 per gram, prompting increased attention from both retail investors and jewelry buyers across the country.
Despite global market fluctuations in the past 24 hours, domestic prices have shown relative calm. Analysts suggest that the recent price stability reflects a cautious market mood amid uncertainty in international bullion markets.
Gold, particularly 21-carat, remains a popular investment and savings tool among Egyptians, especially in Upper Egypt and rural governorates where it is commonly purchased for weddings, celebrations, and long-term wealth preservation.
With local demand steady and global gold prices facing short-term volatility, jewelers expect cautious buying behavior to continue in the coming days, particularly in anticipation of upcoming holidays and seasonal events.